ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV) Reaches New 1-Year High – Time to Buy?

ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV)’s share price reached a new 52-week high on Monday . The company traded as high as $68.28 and last traded at $67.24, with a volume of 20521 shares changing hands. The stock had previously closed at $66.71.

ProShares Russell 2000 Dividend Growers ETF Stock Up 2.9 %

The company has a market capitalization of $837.65 million, a P/E ratio of 15.39 and a beta of 0.96. The firm’s 50-day moving average price is $69.78 and its 200 day moving average price is $69.42.

ProShares Russell 2000 Dividend Growers ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a dividend of $0.5398 per share. The ex-dividend date was Monday, December 23rd.

Institutional Investors Weigh In On ProShares Russell 2000 Dividend Growers ETF

Hedge funds have recently made changes to their positions in the business. Toth Financial Advisory Corp grew its position in shares of ProShares Russell 2000 Dividend Growers ETF by 1.9% during the 4th quarter. Toth Financial Advisory Corp now owns 192,528 shares of the company’s stock valued at $13,028,000 after acquiring an additional 3,664 shares during the period. Truist Financial Corp grew its holdings in ProShares Russell 2000 Dividend Growers ETF by 9.1% during the fourth quarter. Truist Financial Corp now owns 91,525 shares of the company’s stock valued at $6,194,000 after purchasing an additional 7,605 shares during the period. ForthRight Wealth Management LLC increased its position in ProShares Russell 2000 Dividend Growers ETF by 3.6% in the fourth quarter. ForthRight Wealth Management LLC now owns 68,251 shares of the company’s stock worth $4,619,000 after buying an additional 2,384 shares during the last quarter. Raymond James & Associates raised its stake in shares of ProShares Russell 2000 Dividend Growers ETF by 7.3% in the third quarter. Raymond James & Associates now owns 47,027 shares of the company’s stock valued at $3,257,000 after buying an additional 3,198 shares during the period. Finally, United Advisor Group LLC lifted its holdings in ProShares Russell 2000 Dividend Growers ETF by 16.7% during the third quarter. United Advisor Group LLC now owns 41,232 shares of the company’s stock valued at $2,856,000 after purchasing an additional 5,906 shares during the last quarter.

ProShares Russell 2000 Dividend Growers ETF Company Profile

The ProShares Russell 2000 Dividend Growers ETF (SMDV) is an exchange-traded fund that is based on the Russell 2000 Dividend Growth index. The fund tracks an index of US small-cap stocks with a 10-year record of increasing dividends. Stocks are equally weighted. SMDV was launched on Feb 5, 2015 and is managed by ProShares.